IKEA opened its first Baltic store in the Lithuanian capital Vilnius in 2013 and its first years of operation have been successful, Johannes Johannesson, representative of IKEA's Baltic franchise holder Felit, said. Therefore opening stores in Estonia and Latvia as well is being considered but no decision has been taken as yet, he said.
IKEA subsidiary IRI Investments OU has acquired 300 more hectares of land in Estonia since mid-August, of which 66 hectares is forest land. The company owns at present a total of 6,199 hectares of land of which 5,366 hectares is forest land.
IKEA plans to open an office specializing in the purchase of land in the South Estonian city of Tartu before the end of this year, the first such office in Estonia. It already has similar offices in the Latvian capital Riga and in Lithuania's second biggest city Kaunas.
